12436, Haines Falls, NY

The 12436 zip code of Haines Falls, NY is located in the Finger Lakes region of upstate New York. Home prices in this zip code have been increasing steadily over the past few years, and as of February 2019, the median home price was $269,000. This is a significant increase from the median home price of $156,000 that was recorded in February 2018.

One reason for this steady increase in home prices is likely due to strong demand from buyers and sellers alike. The population of Haines Falls is growing rapidly, which means that there are more people looking to purchase or sell homes than ever before. Additionally, many homeowners who have been living in their homes for many years may be ready to sell their homes now that they can find a buyer who is willing to pay a higher price than they originally paid for their home.

Another factor that has contributed to the increase in home prices in the 12436 zip code of Haines Falls is low interest rates. Since 2007, interest rates have been at historic lows which has made it more affordable for people to borrow money to buy a home or refinance an existing mortgage. Low interest rates also make it more attractive for homeowners who want to sell their homes quickly – especially if they are able to get a higher asking price than what they originally paid for their home.

While there are many reasons why home prices have increased in the 12436 zip code of Haines Falls over the past few years, there are also some risks associated with this trend. If interest rates rise again or if buyers and sellers become less interested in purchasing or selling homes within this zip code, then prices could drop back down below where they currently stand.